Topics regarding layoffs at CVS

Topics regarding layoffs at CVS

IT is completely ruined by TCS

Wow Tata consultancy contractors are totally ruining CVS inside out. I see these incompetent folks top to bottom ruin the engineering culture daily. Ex contractors engineering leadership playing politics, constant lies, backstabbing, harassing non... — read more 

Laurie's Shoes

Do you think Laurie got to take all of her shoes with her when she was shown the door? I wonder how it feels for her to join the ranks of those she laid off last year.

Save money- eliminate DLs

If you think about it- they serve no purpose. If you are a store manager you are paid to hit your metrics and put out the fires in your own building. Same with pharmacy managers…. Every store should have an SMIT, PM emerging leader a regional can... — read more 

RIF?

Aetna side…..Talked about layoffs in a unit meeting on Monday (general question that was asked) and the supervisor said no worries about JE in our location. Logged on today to a scheduled 15 minute call next week with the 5 newest members of the... — read more 

CVS stock currently at COVID pandemic lows

What will it take for CVS stock to return to the highs of 2015, when they eliminated the sale of cigarettes in stores? We’ve added $15 trillion to our national debt since then and the CVS’ market cap is literally half of what it used to be. — read more 

Identity crisis

The problem with CVS is that it does not know what it is- Retail store? PBM? Insurance company? Health care delivery? You cannot do all these things well despite KL delusions. Insurance is a crazy business right now that needs laser focus to succeed... — read more 

Today was a trial run

If you didn't notice, Karen was a non factor today on the town hall. I think she's done and it's just a matter of time.

Town hall

The company town hall today kind of came off as positive other than regarding the Aetna business, and didn’t seem to allude to company-wide layoffs, which was surprising. What’d you guys think? Maybe I misread the tone…

I’ve been looking for another job for a while

I don’t want to work at CVS anymore. It’s getting gradually worse. I’m not happy with my manager, my compensation, and the general bad vibe with all the layoffs and leadership’s obvious incompetence. I’ve been offered a couple of jobs and only one... — read more 

Layoff News Only?

Any chance we could get a thread that is just centered around what people have heard about layoffs? As a fully remote employee, I hear very little in terms of rumors and would appreciate any insight that is floating around. I lost 25% of my team to... — read more 

Interesting that Karen put herself on the hot seat.

I can understand the idea behind a change of leadership in a business unit that failing right now. However instead of putting a new president in charge of Aetna, she essentially just put herself in charge. (and the CFO too, but KL said she'll be... — read more 

New Idea to help with the 2 billion save

Since we are a health company, terminate any leader who has a BMI over 30 or type 2 diabetes. The savings of reducing the huge will be huge. If you down vote this post.... you are a fat F.

Board of Directors is asleep!

Is it transparent to anyone else that Karen wrote that book to back her Board into a corner by not firing her now that she’s immortalized her face as the CEO of CVS Health on the cover? And why do executives (and spouses of executives) at CVS Health... — read more 

How about no town halls anymore?

It’s pointless and actually sad. Is it possible that any corporate leadership still believes that the cheap show works? These town halls are for whom exactly? I would have much more respect for upper mgmt if they were straight talkers, particularly... — read more 

Townhall was a joke

Karen seemed clueless and really doesn't understand things in detail. I'm even more convinced she has no business being a ceo here or anywhere. The pathetic questioner at the end propping her up and giving her kudos for running the company into the... — read more 

With Kane Out, WorkOne Fate?

I know Brian Kane was a strong proponent of in-office work, do you think him being removed will have any impact on that moving forward?

Layoffs expected

She ousted some upper management and replaced with Aetna employees which is good.

CVS Announces $2B Savings Plan

“To help turn things around, CVS said it will initiate a “a multi-year expense management opportunity to deliver $2 billion in savings” that will include “streamlining and optimizing operations and processes.” How will it happen? Workforce... — read more 

Repeat of last year….

So here we go again waiting to hear of the inevitable. Wanting to find out if you’re next on the chopping block. Stress is now back at an all time high just like last year. This really su-ks. Just like riding a bike you don’t forget how it feels…... — read more 

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| 1491 views | | 2 replies (last August 8, 2024)
Post ID: @OP+1tUohil7

Warn Tracker is showing pending layoff on 8/17

For layoffs if there is a certain number of people getting let go, it is filed with the state. WarnTracker is showing 27 people in NY now getting laid off on 8/17/24. Hopefully this will help them to invest more on big bet “futurist” programs to... — read more 

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| 2250 views | | 5 replies (last August 8, 2024)
Post ID: @OP+1tUyqdoc

CVS Salaries and Job Titles by University

Ivy League - CVS Job Titles: Product Representative, Store Clerk, Supervisor, Store Manager, Analyst, Project Manager (Often Gets Negative Reviews and Terminated every three months) Princeton University - CVS Salary $50,000.00 Harvard University -... — read more 

Nothing is important but the bottom line

We are talking about the C-suite and shareholders bottom line, who are happy with money extraction for as long as it lasts. Company doesn’t matter, employees don’t matter, and nobody cares if the company will even exist in a couple of years. That’s... — read more 

Stock Price

Sad that's it's become this, but did anyone else get up this morning to see how bad the news was and to see how far the stock price was going to crash? Only hoping for the worst because you hate CVS? I'm disappointed the stock is only down 60... — read more 

What's Next

Honest question. Now that Brian and some others are out (good thing). What should Karen do to turn things around? How do you get moral back?

Bonus is toast for this year

They should come out now and announce bonus will be zero...let those who were thinking of leaving go. Going to be an exodus

Full year guidance down

Q2 more or less in line with expectations but down from last yr. Full guidance down. Changes to HCB leadership mentioned. https://www.sec.gov/ix?doc=/Archives/edgar/data/0000064803/000006480324000028/cvs-20240807.htm

Missed earnings, $2B cost cuts

Missed on Q2 earnings Brian Kane out, Karen/Tom overseeing Aetna, multi-year plan to cut $2B. The ship is freaking sinking. Unbelievable.

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